Since bitcoin is starting to skyrocket and I got in pretty low (right after the china crash) I'm looking at the local laws in my country just in case bitcoin hits 10.000$. When bitcoin hits 10.000 dollars I would be willing to cash out. So what I've found on the local laws in my country is that you would have to pay a sh*tload of taxes when cashed out. Since the law is pretty unclear bitcoin is considered a speculative asset and therefore falls under gambling and I would have to pay 33.3% tax (which is straight up theft). I'll probably look for a good accountant to find me a better solution.